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India Ceramic Tiles Market 2023-2028: Opportunity Assessment, Competitive Landscape, Regional Demand And Major Players

India Ceramic Tiles Market

India Ceramic Tiles Market Research Report: Forecast (2023-2028)

The India Ceramic Tiles Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28. The market is driven by concrete government policies and frameworks that have led to the growth of the real estate sector in the historical period. Such expansion has called for more adoption of ceramic tiles in recent years, making India one of the fastest-growing ceramic tile marketplaces worldwide. Besides, a swift upsurge in projects demanding immediate renovation and remodeling is likely to boost the sales of ceramic tiles in the coming years. The government schemes, such as Mission Smart Cities and Pradhan Mantri Awas Yojana, among others, are expected to bolster the real estate market growth and, in turn, facilitate the commercial adoption of such tiles across the country.

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Market Dynamics

Key Driver: Rapid Urbanization of Indian States in recent years

As per the think tank of India, Niti Ayog, the number of inhabitants in Indian cities is estimated to have increased almost fourfold between 1970 and 2018, from 109 million to 460 million. Already the second-largest urban community in the world, India is expected to add another 416 million people to its cities by 2050 and have an urban share of the population of 50 percent. The expanding number of inhabitants due to migration has posed the inevitable need to expand cities, which in turn has led to the rapid urbanization of India in the past few years. The government is actively participating in this expansion and leaving no stone unturned to ensure improved road networks, urban transport, water supply housing, power-related infrastructures, smart cities, and other forms of urban management. These advancements automatically impact the residential and commercial construction markets in the country, which, in turn, positively influences the Indian ceramic tiles market in the coming years.

Leading Companies in India Ceramic Tiles Market:

-Asian Granito

-Cera Sanitary Ware

-Ceramic

-Euro Ceramics

-Kajaria

-Murudeshwar Ceramics Ltd

-NITCO Ltd

-Orient Bell Ltd

-Somany

Segmentation of the Industry

The India Ceramic Tiles Market is highly fragmented and bifurcates into the following segmentations:

By Type

-Conventional Ceramic Tiles

-Polished Vitrified Tiles

-Glazed Vitrified Tiles

By Application

-Floor Tires

-Wall Tiles

-Others

By Demand Application

-Fresh Sales

-Replacements

By End Users

-Homes

-Commercial Establishments

-Others

Here, the Homes segment acquired the leading position in the historical period. It predominantly attributes to advances in tile printing technologies like 3D printing, and digital printing, among others.

By Distribution Channel

-Direct Sales

-Authorized Channel Partners

-Others

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Regional Landscape

On the geographical front, the India Ceramic Tiles Market expands across the following:

By Region

-East

-West

-North

-South

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